The trader worked on the New York Stock Exchange on August 29, 2025.
NYSE
According to people familiar with the issue, automotive finance fintech company LendBuzz is scheduled to file its IPO prospectus on Friday.
The Boston-based company targets a valuation of around $1.5 billion, according to one of those people asked not to discuss internal matters. That rating could change as LendBuzz and its advisors discuss with investors.
Ten years ago, businesses use alternative data and machine learning algorithms to assess the creditworthiness of consumers with limited financial history. LendBuzz loans are funded by asset-backed securitization, warehouse loans from traditional banks, and sales of portfolios to institutional investors (mainly insurers) looking for yields.
Lendbuzz aims to be exposed amid the wave of fellow fintech companies. Klarna and Chime have been published for the past three months respectively. Chime is below its initial public offering price, but Klarna’s shares are about 7% higher than the IPO priced at the beginning of the week.
Goldman Sachs and JP Morgan manage the Lendbuzz offering, according to familiar people.
LendBuzz and JPMorgan declined to comment. Goldman Sachs did not immediately respond to requests for comment.
